LKVC: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
LKVC
Largest movements
- Cash +€95,603
up €95,603 (+81.1%), from €117,923 to €213,526
mainly Net result for the year (+€93,046) and Depreciation (+€7,875)
- Current investments +€5,000
new in 2025: €5,000
- Tangible fixed assets -€4,874
down €4,874 (-22.2%), from €21,984 to €17,110
of which Furniture and vehicles: -€6,879
- Reserves +€93,046
up €93,046 (+56.9%), from €163,593 to €256,639
of which Distributable reserves: +€93,046
- Trade debts +€4,748
up €4,748 (+380.0%), from €1,250 to €5,997
- Gross operating margin -€4,131
down €4,131 (-2.7%), from €152,417 to €148,285
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €187,912 | €285,953 | +€98,042 | +52.2% |
| Fixed assets | 21/28 | €22,984 | €18,110 | -€4,874 | -21.2% |
| Tangible fixed assets | 22/27 | €21,984 | €17,110 | -€4,874 | -22.2% |
| Plant, machinery and equipment | 23 | - | €2,005 | +€2,005 | |
| Furniture and vehicles | 24 | €21,984 | €15,105 | -€6,879 | -31.3% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €164,927 | €267,843 | +€102,916 | +62.4% |
| Amounts receivable within one year | 40/41 | €47,004 | €48,390 | +€1,386 | +2.9% |
| Trade receivables | 40 | €47,004 | €33,789 | -€13,216 | -28.1% |
| Other amounts receivable | 41 | - | €14,602 | +€14,602 | |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €117,923 | €213,526 | +€95,603 | +81.1% |
| Deferred charges and accrued income | 490/1 | - | €927 | +€927 | |
| Total equity and liabilities | 10/49 | €187,912 | €285,953 | +€98,042 | +52.2% |
| Equity | 10/15 | €163,594 | €256,640 | +€93,046 | +56.9% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Reserves | 13 | €163,593 | €256,639 | +€93,046 | +56.9% |
| Non-distributable reserves | 130/1 | €1 | €1 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1 | €1 | = | 0.0% |
| Distributable reserves | 133 | €163,592 | €256,638 | +€93,046 | +56.9% |
| Amounts payable | 17/49 | €24,318 | €29,313 | +€4,996 | +20.5% |
| Amounts payable within one year | 42/48 | €24,318 | €29,313 | +€4,996 | +20.5% |
| Trade debts | 44 | €1,250 | €5,997 | +€4,748 | +380.0% |
| Suppliers | 440/4 | €1,250 | €5,997 | +€4,748 | +380.0% |
| Taxes, remuneration and social security | 45 | €21,381 | €23,316 | +€1,935 | +9.0% |
| Taxes | 450/3 | €21,381 | €23,316 | +€1,935 | +9.0% |
| Other amounts payable | 47/48 | €1,687 | - | -€1,687 | |
| Non-recurring operating income | 76A | - | €21,500 | +€21,500 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,923 | €7,875 | +€952 | +13.8% |
| Other operating charges | 640/8 | €287 | €756 | +€469 | +163.5% |
| Gross operating margin | 9900 | €152,417 | €148,285 | -€4,131 | -2.7% |
| Operating profit (loss) | 9901 | €145,207 | €139,654 | -€5,553 | -3.8% |
| Financial income | 75/76B | €48 | €7 | -€40 | -84.6% |
| Recurring financial income | 75 | €48 | €7 | -€40 | -84.6% |
| Financial charges | 65/66B | €181 | €94 | -€87 | -48.1% |
| Recurring financial charges | 65 | €181 | €94 | -€87 | -48.1% |
| Profit (loss) for the period before taxes | 9903 | €145,073 | €139,567 | -€5,506 | -3.8% |
| Income taxes | 67/77 | €47,624 | €46,521 | -€1,103 | -2.3% |
| Profit (loss) for the period | 9904 | €97,449 | €93,046 | -€4,403 | -4.5% |
| Profit (loss) for the period to be appropriated | 9905 | €97,449 | €93,046 | -€4,403 | -4.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.